Sat, Feb 11 2012

Sofia will have more than 1M sq m office space in 2008

Fri, Mar 28 2008 16:58 CET

bywww.propertywisebulgaria.com

513 Views

Sofia's office space market registered another quarter of strong performance at the end of 2007, according to the latest MBL consultancy report.

The number of class A and B offices continued to grow, amounting to 784 000 sq m as of the end of fourth quarter of 2007, after a new delivery of 48 350 sq m office areas, all of them in suburban areas, according to research from MBL.

Provided data includes areas in single-tenant owner-occupied and speculative (developed as an investment product - aiming at subsequent sale/rent of the units for reaping profits) buildings, as well as in condominiums.

More than 580 000 sq m of class A and B office space were under construction in Sofia at the end of last year, two thirds of which were in suburban regions. Tsarigradsko Chaussee Blvd emerged as a main office location, with a view to the pipeline, MBL advisory commented.

For the full story, please visit propertywisebulgaria.com

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

City Centre Sofia owner appoints consultants MBL to manage mall

MBL, already managing two office buildings for Heitman European Property Partners, will now take over the management of City Centre Sofia

Forton International latest: office rents are declining by 30 per cent

Sharp reduction in prices in Sofia and other major urban centres nationwide for office space as the economic crisis encroaches even further on Bulgarian business climate

More in this category

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

Bulgarian property market: Home finance easier, media report says

Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.

Bulgarian property prices ‘have hit bottom’ brokers say – report

Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.

Budapest, Skopje at top among ‘Europe’s top 20 places to invest in property’

Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.